Indiana Statutes

§ 28-5-1-10 — Time for existing companies to comply with loan limits

Indiana § 28-5-1-10
JurisdictionIndiana
Art. 5INDUSTRIAL LOAN AND INVESTMENT
Ch. 1Industrial Loan and Investment Act

This text of Indiana § 28-5-1-10 (Time for existing companies to comply with loan limits) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 28-5-1-10 (2026).

Text

Except as otherwise provided in this chapter, any such company which holds obligations of indebtedness in violation of the limitations prescribed in this chapter shall, by July 1, 1938, cause the amount of such obligations to conform to the limitations prescribed in this chapter. The department may, in its discretion, extend the time for effecting such conformity, in individual instances, if the interests of the creditors will be protected and served by such extension. Upon the failure of any such company to comply with such limitations, in accordance with the terms of this section or in accordance with any order of the department with relation to such limitations, the department may declare that such company is conducting its business in an unauthorized or unsafe manner and proceed in acc

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Bluebook (online)
Indiana § 28-5-1-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-5-1-10.